In addition to our ongoing pursuit of top-line growth, in fiscal 2007 we are focused on maximizing profitability," said Baio.
"With the opening of five stores during the quarter, and five subsequent to the quarter end, including the launch of our new banner, Duke's Northshore, we are well on our way to meeting our target of opening 20 stores for the fiscal year. Our strengthened senior management team will be instrumental in our efforts to improve profitability, which will include capitalizing on the efficiencies inherent in being a multi-banner retailer. However, like realizing synergies from our acquisitions, we understand that it will take time before we see the full benefit of our recent management hires and their impact on profitability," Baio said.
West 49 Inc is a multi-banner specialty retailer of apparel, footwear and accessories related to skateboarding, snowboarding, and surfing, as well as the music industry, and fashion-forward young women.
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